Beer Store blames ‘cash shortfall’ on grocery store suds sales

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Discussion posted by: IRWeasel

Ontario grocery store beer sales are being blamed for a “cash shortfall” last year to the tune of $13.1 million, contributing to the closure of 10 Beer Stores. In a statement, Beer Store spokesman Bill Walker says the sales slump is a direct result of the opening of beer sales in 450 Ontario grocery stores and of the continued uncertainty surrounding the Beer Store’s current 10-year operating agreement with the province, which was signed in 2015 and would be costly to terminate.